Belmont Resources Identifies Untested Uranium Targets at Crackingstone Project Based on Gravity Survey Results

November 11, 2026 — Leads & Copy — Belmont Resources Inc. has reported key findings from a ground gravity survey conducted on its Crackingstone uranium project, located near Uranium City, Saskatchewan. The survey has identified a series of gravity lows that align with a northeast-trending fault system, which is known to host mineralization from 2008 drill intercepts. A significant portion of these identified gravity lows have not yet been subjected to drilling.

The survey encompassed approximately 6.7 square kilometers, with 2,179 gravity stations established at roughly 40-meter spacing. This effort delineated a corridor of gravity lows extending approximately 2.8 kilometers along the northeast-trending fault system, stretching from the Beck 93 showing to the area where drilling occurred in 2008.

A notable correlation was observed between mineralization and these gravity lows. Samples grading 0.05% U₃O₈ or higher were found to occur approximately four times more frequently per 100 meters of bedrock within the core areas of the low-density bodies compared to outside them. One specific low-density body is situated directly beneath the 2008 drill holes, which yielded intercepts such as 2.09% U₃O₈ over 0.3 meters in hole C14 and up to 0.37% U₃O₈ in hole C8.

The company highlighted that the strongest gravity lows remain undrilled, with most of the low-density bodies identified in the 3D model located outside the footprint of the 2008 drilling. Several of the most pronounced lows are situated at the intersections of the northeast-trending faults with east-west or northwest-trending faults.

Belmont Resources interprets the gravity lows as indicative of altered and fractured rock zones, consistent with the geological setting for Beaverlodge-type uranium deposits hosted in fault systems within the region. Uranium mineralization in the Uranium City area is typically found in these fault zones, where uranium-bearing fluids have altered and fractured the rock over extended periods, resulting in lower rock density. A gravity survey effectively visualizes this density contrast, creating a gravity low where the rock exhibits reduced density.

The gravity survey data provides enhanced targeting precision for future drilling programs. Rather than drilling along broad structural trends, the company plans to direct drill holes into specific low-density zones where altered, fractured rock is believed to potentially host uranium mineralization.

Access was not possible for two swampy areas during the survey, and a gravity low extends off the southwestern edge of the surveyed area. These three locations exhibited very low readings on the nearest established stations, with average readings of -0.54 mGal for the central swamp, dipping to -1.25 mGal for the eastern wetland, and -0.7 to -1.3 mGal for the southwestern extension.

The central swamp is located at a convergence of interpreted faults, situated between the 2008 drill area and the Beck 93 showing. Given that gravity readings decrease towards both swamps from all surveyed sides, the company believes the lowest gravity values may lie beneath these inaccessible areas.

Looking ahead, Belmont Resources intends to return to the Crackingstone project once the swamps freeze to complete the gravity survey in both areas. The survey will also be extended southwestward to fully delineate the open gravity low. Final drill targets will be selected by integrating these new findings with existing gravity, structural, and drill data.

Technical information within this release was reviewed and approved by Ken Wheatley, P.Geol., M.Sc., Senior Geological Advisor to Belmont Resources Inc., who is a Qualified Person as defined by NI 43-101.

Source: Belmont Resources Inc.